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Posted : 2013-05-27 09:20
Updated : 2013-05-27 09:20

S. Korea's consumer sentiment rebounds in May

South Korean consumers' confidence rebounded in May from the previous month as the government's extra budget and the central bank's rate cut raised optimism about the economic recovery, the Bank of Korea (BOK) said Monday.

The consumer sentiment index (CSI) -- a gauge of consumers' overall economic outlook, living conditions and future spending -- came in at 104 for May, up from 102 tallied for the previous month, according to a monthly survey by the BOK.

The index stayed above the benchmark 100 for the fifth straight month in May, indicating that the number of optimists outnumbered that of pessimists. The survey, based on a poll of 1,988 households nationwide, was conducted from May 10-20.

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